20 Economic Reasons Obama Shouldn't Be Reelected
National Review Online (NRO), the online arm of conservative magazine National Review, has put together a list of 689 reasons why, they believe, President Barack Obama should not be reelected in November.
We decided to go though the list and pick out the top 20 economic/financial reasons NRO thinks the president should be defeated.
Here they are in no particular order:
To remind him that debt used to be, in his own words, "unpatriotic."
For blaming the lousy economy on headwinds, Japanese earthquakes, & ATMs.
For ignoring his own deficit commission.
For proposing a $53 billion high-speed-rail project while Amtrak is still losing hundreds of millions of dollars a year.
For 613 new federal regulations in the first 33 months of his presidency.
And because 129 of those regulations will each cost the economy more than $100 million a year.
For joking about the non-existence of shovel-ready projects.
Because in a fundraising e-mail of September 1, 2011, he demanded that Republicans "take action on" a jobs plan that he had not yet released.
Because of an $800 billion stimulus bill.
Because there were stimulus grants in imaginary ZIP codes.
Because his administration predicted the stimulus would keep unemployment below 8 percent.
The fact that the stimulus spent $9.38 million to renovate a train depot that has been closed for 30 years.
Because there was a record 2.9 million foreclosures in 2010.
"The private sector is doing fine."
For claiming that he would cut the deficit in half.
Because he promised to "ban all earmarks" from stimulus (and didn't).
Because, in his own words, his "first job is to make sure the economy is growing, that we're creating jobs out there."
Because the current unemployment rate is 8.3 percent.
Because there are 46.7 million people on food stamps.
Follow Becket Adams (@BecketAdams) on TwitterAll photos courtesy the AP. This story has been updated.